Chamber Assists 11 Expansions, 3 New Companies Between July 1, 2015 And End Of 2017

Monday, February 26, 2018

The Chattanooga Chamber of Commerce assisted 14 companies between July 1, 2015 and Dec. 31, 2017, including 11 expansions and three companies new to our area, officials said.

 

These companies include West Star Aviation, Yanfeng Automotive Interiors, Chattanooga Seating Systems, HomeServe USA and M&M Industries, whose recent decision to expand will create more than 110 jobs in the Highland Park area.

 

A recent economic impact analysis examines both the one-time and ongoing economic impact of that growth.

The study measures the dollar value of total economic output, jobs, wages, local tax revenue and consumer expenditures resulting from the Chamber’s economic development work.

 

Highlights of the Chamber’s impact based on this analysis include:

 

·        A one-time economic impact, from private capital investment, of $582 million

·        Additional school tax revenue of $3 million from that investment

·        Creation of more than 5,000 direct and indirect jobs during the study period of July 1, 2015 to Dec. 31, 2017, with $251 million in wages

·        New city and county tax revenue of $6.9 million generated by these jobs

·        A return of $4.27 for each dollar Hamilton County and the City of Chattanooga contributed to the Chamber’s economic development efforts during the study period

·        A return of $10.95 for each dollar Hamilton County and the City of Chattanooga contributed to the Chamber’s economic development efforts, when considering a 10-year period of continuous operation for the companies the Chamber assisted

 

“This study tells the story of the ripple effect of economic development on our community, not only capital investment and jobs, but also additional tax revenue and consumer spending generated by economic activity — restaurants, grocery stores, housing, entertainment and more,” said Charles Wood, Vice President of Economic Development, Chattanooga Chamber of Commerce. “We are proud of these results we achieved with our public and private partners, and we know our continued work is important for many people in the region who still need good jobs.”

 

Read the full analysis here.


Husch Blackwell Names Chris Collins To Partnership

2 Businesses Open Offices In Cleveland

Leitner, Williams, Dooley & Napolitan Supports Salvation Army Angel Tree


Husch Blackwell announced Monday that 25 attorneys have been elected to the firm’s partnership, effective Jan, 1, including Chris Collins in Chattanooga. “These 25 attorneys have demonstrated ... (click for more)

The Chattanooga Chamber of Commerce announces ribbon cutting ceremonies were conducted for the following businesses: - Covenant Allergy and Asthma Care on their Cleveland facility, 2150 N. ... (click for more)

Leitner, Williams, Dooley & Napolitan, PLLC law firm has teamed up with the local Salvation Army chapter to sponsor the Corporate Angel Tree Program this season. Staff and attorneys sponsored ... (click for more)


Business

Husch Blackwell Names Chris Collins To Partnership

Husch Blackwell announced Monday that 25 attorneys have been elected to the firm’s partnership, effective Jan, 1, including Chris Collins in Chattanooga. “These 25 attorneys have demonstrated their proactive skills in developing client relationships and are dedicated in their service to our clients,” said Chairman Greg Smith and Chief Executive Paul Eberle. “They have exemplified ... (click for more)

2 Businesses Open Offices In Cleveland

The Chattanooga Chamber of Commerce announces ribbon cutting ceremonies were conducted for the following businesses: - Covenant Allergy and Asthma Care on their Cleveland facility, 2150 N. Ocoee Street, Suite A., on Dec. 5. - Solve and Split, Escape Game Room, 4675 N Lee Hwy., Suite 3 in Cleveland, on Dec. 3. (click for more)

Breaking News

Planning Commission Recommends M-1 Zoning For Tubman Site Despite Some Community Opposition

The Planning Commission on Monday afternoon unanimously recommended M-1 zoning for most of the 44-acre Harriet Tubman site in East Chattanooga. A section by Roanoke Avenue would be left R-3, allowing single-family homes, apartments and townhomes. The vote came despite some community opposition along with the Unity Group, that favored a mixed-use approach and input from residents. ... (click for more)

Bounmy Manhrasamy, 37, Arrested For Shooting And Killing His Uncle, Somvang Vorachak

Bounmy Manhrasamy, 37, has been arrested for the shooting death of his uncle, Somvang Vorachak, 60, on Sunday. The Catoosa County 911 Center received a call on Sunday at 9:14 a.m. of an individual who had been shot at 218 Steele Road, Rossville. The caller advised the shooter was still inside the residence. Upon deputies ' arrival, the shooter, Bounmy Manhrasamy exited ... (click for more)

Opinion

TVA Land Grab

The Georgetown land grab is just ‘Business as Usual’ for TVA. For the past 80 years they’ve shown their stripes in this matter - 170,000 acres seized at LBL, countless acreage taken in the Tennessee River Valley. Land taken for coal and nuclear sites. All by the same play book. All from average people. We want this, you have this, we get this. I worked with TVA as a ... (click for more)

Roy Exum: The Greatest 4 Minutes

I would venture to say I know more sports trivia than the next guy. I’ve spent a fun lifetime watching and listening and learning so why is it, on the early eve of my three-score-and-ten, I never knew about “the best four minutes in sports” until just now? Oh, for decades I’ve know the annual Army-Navy football game, the latest just played this weekend, was special. A half-century ... (click for more)